Binance intends to attract crypto whales through the “Market Maker” program
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Answer Binance intends to attract crypto whales through the “Market Maker” program
Binance, the leading cryptocurrency trading platform in terms of trading volume, announced the “Market Maker” service and program, in a move to encourage and attract large whales to its network and work through it.
The program, which bears the name Binance Market Maker It operates with low trading fees with higher limits and offers features and applications for traders with trading volumes exceeding 1,000 bitcoins per month equivalent to $7.8 million and who have “quality market maker strategies”.
The objective of the Binance Market Maker program is to use the big whales of this program and to attract and encourage more of them so that the platform can increase the financial flow of the platform and increase liquidity while enabling and facilitating the small traders to fulfill their orders.
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And what was done bulletin It appeared that the new program contains and includes 16 cryptocurrencies, including Dash, Bitcoin, Ethereum, and these 16 currencies can be traded against Tether USDT, except for Bitcoin, which has been linked to trading with the fixed currency BUSD.
The Market Maker score is calculated by its performance on several trading pairs, a specially curated list based on the spot markets on the Binance trading platform.
The result of the final market maker is measured with several other factors, for example, the volume of the total order multiplied by the weight of the trading pair, which the Binance platform announced the weight of each trading pair in its official publication.
And whoever wants to apply for the Market Maker program on Binance can do so by sending an email to Binance platform with proof of market size.
Binance offers a 2-3 week trial period for new participants who will not pay any trading fees for the available pairs.
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